Royal Caribbean Cruises’ first quarter profit took a 93 percent dive over the same period of last year, which it blamed mostly on the extreme seasonality of recently acquired Pullmantur Cruises and continued Caribbean weakness.

Hilton Hotels Corporation has announced agreement to sell up to 10 hotels to a fund managed by Morgan Stanley Real Estate for approximately 566 million euros (or approximately $770 million).

TAM and TAP Portugal, a Star Alliance member, are executing today a Memorandum of Agreement establishing a comprehensive alliance that comprises several areas, taking advantage of the synergies arising from their respective networks, products and services in the routes connecting Brazil and Portugal.

LAN’s new $150 airfare policy has increased passenger traffic between Punta Arenas and Santiago in the last five months by 30,000, of which almost half had never boarded an airplane according to company officials.

Lufthansa swung to an operating profit of 36 million euros ($49.1 million) in the first quarter after carrying a record number of passengers. The result compared with a loss of 75 million euros a year ago, Lufthansa said in a statement last week.

Delta is continuing to prepare for an April 30 emergence from Chapter 11 bankruptcy protection after it said April 16 that “unofficial results” show more than 95 percent of creditors voted in favor of the airline’s plan of reorganization.